Written by Joanne Townsend
Joanne Townsend
Joanne completed a Journalism degree in 2012 before working for a number of marketing companies in the roles of a copywriter, moderator and PR assistant.
If you are looking for an investment with huge potential, these auction properties in the East Midlands area are worth considering. Ranging in size, price and location, these commercial and residential properties are all up for sale over the course of July.
This spacious detached family home on Clipstone Road West offers a good opportunity with no upward chain. With 4 bedrooms, 2 bathrooms, and 3 reception rooms, it provides ample space. The kitchen and bathrooms are nearly new ensuring you can rent out the property with immediate effect.
Subject to permissions and regulations, there is potential to extend the property to the side and rear. Off-road parking is available for multiple vehicles, and the location is prominent and desirable. The property boasts large reception rooms and pleasant views, making it an ideal choice for those seeking a customizable home in a sought-after area.
The lot will be brought to market by GoTo Properties on the 30th of July 2023 with an Opening Bid of £275,000.
This well-presented 3-bedroom terraced property is situated in Corby (Northamptonshire). Offering living accommodations across three floors, the ground floor features a living area and a fitted kitchen. For added convenience, there is a practical WC on this floor. Moving up to the first floor, you’ll discover two well-proportioned bedrooms and a family bathroom.
The second floor offers a master bedroom, complete with its own en-suite. The property’s well-maintained exterior includes a private garden at the rear leading to a single detached garage. This property presents a rental opportunity for families and professionals.
The lot will be brought to auction by GoTo Properties on 30th July 2023 with an Opening Bid of £200,000.
This semi-detached three-bedroom cottage in Sutton-on-Sea offers 3 bedrooms and 3 public rooms. The property features an open-plan kitchen and dining room, along with a utility room and a downstairs toilet. A family bathroom is located on the upper floor. The large garden, facing South and West, provides ample outdoor space. With just one mile to the sea, the location is ideal to let out as a holiday rental.
While recently refurbished, some more remedial work remains unfinished, offering the opportunity for the investor to complete it and transform this property into a stunning home. The driveway can accommodate up to 3 cars.
The lot will be brought to auction by Town & Country Property Auctions on 27th July 2023 with a Guide Price of £196,000.
This traditional Victorian terraced house presents an opportunity for the new owners to create a charming home. While some modernisation is required, the property boasts a good-sized rear garden. The ground floor comprises two reception rooms, a kitchen, a utility room, and a shower room.
Moving upstairs, there are three bedrooms and a landing. Externally, the property has a small front garden and a rear garden that includes a concrete yard. With its convenient location within walking distance of the town centre, this Victorian terraced house offers potential for improvement and customisation to create a great rental property.
SDL Property Auctions will bring the lot to auction on 27th July 2023 with a Guide Price of £95-110,000.
Situated at the top of a cul-de-sac, this two-bedroom detached bungalow in Ilkeston (20 minutes from Derby) offers two double bedrooms and gardens to three sides of the property. Conveniently located near local amenities and transport links, the bungalow benefits feature a hall, kitchen, an L-shaped lounge/dining room with patio doors opening to the rear garden, and two double bedrooms positioned at the front. Additionally, there is a shower room.
Outside, the bungalow provides access around its entirety, with a driveway at the front, a garden on the side, and a spacious garden at the rear. Stanley Common, situated between Ilkeston and Derby, is a highly sought-after location offering a range of amenities and facilities.
The property will be brought to market by SDL Property Auctions on 27th July 2023 with a Guide Price of £135,000.
This freehold, three-storey commercial property is heading to auction. Occupying a prominent location in the heart of Heanor Market Place, just a stone’s throw away from renowned companies, this property offers excellent trading potential. Having successfully operated as an optician for over 20 years, the property is now vacant, opening doors for prospective buyers to explore alternative commercial uses or consider the significant potential for residential conversion of the upper floors, subject to obtaining the necessary planning consent.
The ground floor features a shop front with an enclosed eye test room, inner hall, fitted kitchen, rear store room, and toilets. The provided plans indicate that the first floor includes a spacious front office room, a separate enclosed office, a passage leading to a staff room/kitchen, and toilets. On the second floor, there is a room offering ample storage space. To the rear, there is a yard with a brick-built outbuilding and hardstanding space.
The lot will be brought to auction by SDL Property Auctions on 27th July 2023 with an Opening Bid of £90,000.
Situated on Ropery Road in Gainsborough (Lincolnshire), this property is located within a predominantly residential area with nearby retail units. It benefits from excellent access to the village of Morton and is positioned on a primary bus route into Gainsborough town centre. This property presents a rare opportunity, boasting a deceptively large layout spread over four floors, offering significant development potential for both retail and residential purposes, subject to planning consents.
The accommodation comprises a retail unit with windows to the front and side, a sitting room, a dining kitchen, and a cellar accessible from the inner hallway. The first floor features a half landing, a full landing with an airing cupboard, a family bathroom, and two bedrooms. The second floor comprises a landing, a bedroom, a sitting room, an inner hallway, a shower room, and a kitchen. Externally, the property offers a side and rear area of useful frontage, a storage shed, and potential for parking (subject to planning). This property presents an exceptional opportunity for those investors seeking a versatile space with development potential in a convenient location within Gainsborough.
The lot will be brought to auction by Auction House Lincolnshire on 17th July 2023 with an opening bid of £80,000.
This characterful property is currently vacant and spans across the ground, first, and second floors. It has obtained consent for a mixed-use conversion, featuring a small retail unit at the front and six flats at the rear and upper parts of the building. The land situated at the back of the property has been cleared and includes a storage building with toilet facilities. It is envisioned that this land and building could be suitable for future development, subject to obtaining the necessary consent.
Previously used as an antique emporium, the retail element of the property offers ample space. A noteworthy feature is the large garden area located at the rear. Queen Street, where the property is situated, is Market Rasen’s main retail street. The conversion project aims to bring the retail space in line with the size and standards of the rest of the street, while also providing six flats that can be accessed via a side gate. The ground floor flat at the rear benefits from separate access.
This two-storey commercial property follows a traditional design with the ground floor home to a well-established restaurant, while the first floor consists of self-contained offices that can be accessed from the rear through Bakehouse Mews. Located directly on Market Hill, the property benefits from ample customer car parking. It is situated in the centre of Rothwell
The property enjoys convenient proximity, being less than a mile from the A14 trunk road, which provides access to the M6 and M1 motorways, With well-designed and functional accommodation, this property presents an attractive opportunity for investors seeking a valuable investment or for occupiers looking for a suitable space.
Cottons Auctions will bring the lot to auction on 12th July 2023 with a Guide Price of £320-350,000.
Situated on Outram Street in Sutton-in-Ashfield (28 minutes to Nottingham), this commercial property comprises three businesses, one of them being The Oasis, a fully licensed public house. The Oasis comes with all the necessary fixtures and fittings, providing a complete setup for operating a pub.
The property is situated in a prime retail location area with fellow retailers close by. There is also accommodation above offering an ideal rental property. With the necessary planning consent, you could convert this into a residential dwelling.
iamsold will bring this property to auction on 7th July 2023 with a Starting Bid of £290,000.
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